Valencia, CA

Foreclosure Avoidance Options

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Following is a brief explanation of these solutions:

Reinstatement

A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult. The homeowner simply requests the total amount owed to the mortgage company to date and pays it. This solution does not require the lender's approval and will 'reinstate' a mortgage up to the day before the final foreclosure sale.

Forbearance or Repayment Plan

A forbearance or repayment plan involves the homeowner negotiating with the mortgage company to allow them to repay back payments over a period of time. The homeowner typically makes their current mortgage payment in addition to a portion of the back payments they owe.

Mortgage Modification

A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these. These typically result in a lower payment to the homeowner and a more affordable mortgage.

Rent the Property


A homeowner who has a mortgage payment low enough that market rent will allow it to be paid, can convert their property to a rental and use the rental income to pay the mortgage.

Deed in Lieu of Foreclosure


Also known as a 'friendly foreclosure,' a deed in lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process. Lender approval is required for this option, and the homeowner must also vacate the property.

Bankruptcy

Many have considered and marketed bankruptcy as a 'foreclosure solution,' but this is only true in some states and situations. If the homeowner has non-mortgage debts that cause a shortfall of paying their mortgage payments and a personal bankruptcy will eliminate these debts, this may be a viable solution.

Refinance

If a homeowner has sufficient equity in their property and their credit is still in good standing, they may be able to refinance their mortgage.

Servicemembers Civil Relief Act (military personnel only)

If a member of the military is experiencing financial distress due to deployment, and that person can show that their debt was entered into prior to deployment, they may qualify for relief under the Servicemembers Civil Relief Act. The American Bar Association has a network of attorneys that will work with servicemembers in relation to qualifying for this relief.

Sell the Property

Homeowners with sufficient equity can list their property with a qualified agent that understands the foreclosure process in their area.

Short Sale


If a homeowner owes more on their property than it is currently worth, then they can hire a qualified real estate agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of the home purchase and the date of the short sale negotiation. Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation, and more.

This represents only a summary of some of the solutions available to homeowners facing foreclosure. For an evaluation of your individual situation, property value, and possible options give us a call to set up your free, confidential consultation.

Understanding your options now could mean all the difference in the world.

www.Pre-ForeclosureSpecialists.com

Reasons to avoid foreclosure, Valencia, Ca.

There is six main reasons to avoid foreclosure. As a certified distressed property expert I am constantly talking to people who are facing foreclosure. Many people facing hard times have no idea the ramifications a foreclosure on their credit report can have. What's more surprising to me and the reason why I am re-posting my list is the fact so many people don't know there are other options such as selling their home as a short sale verses just letting it go. It is much like selling your home with equity and no one needs to know that you are actually upside down on payments or equity in your home in terms of neighbors and friends. The effects on your credit report doing a short sale vs. foreclosure are dramatic. Take a look at the six reasons and know you have options.

Six main reasons to avoid foreclosure

1. You will most likely always have to disclose on a mortgage application and many job applications you submit in the future. This is known to be the only credit item asked specifically and does not rely on what is on an individual's credit report.

2. Many employers run credit checks on prospective employees and foreclosures can put a potential new hire at the bottom of the list of excellent candidates.

3. Security clearances and government positions including but not limited to military and law enforcement can be jeopardized by a foreclosure.

4. Credit scores are usually lowered by 300+ points when a foreclosure becomes on the credit report.

5. A foreclosure is the one credit report item that is almost impossible to have "repaired". It may stay on your credit report for five - seven years.

6. Your lender can seek a deficiency judgment against you and collect for any amount they do not recuperate at bank sale.

If you need answers there is specialist that can help you. While it may not seem like it now, there will come a time when your current financial troubles will pass. During this devastating financial consequence that many people face today, there is help available.

http://www.scvdistressedpropertyhelp.com/

Just posted at our Santa Clarita Real Estate Blog - Four new listings came onto the market for sale in the last 10 hours.

We have had more activity in Real Estate during the time called "Black Friday". Much more than expected in a time when Turkey and Thanks is on our minds.

$379,000 :: 29027 Mirada Circulo, Valencia CA, 91354

3 beds, 2 full 1 part baths
Size: 2,129 sq ft
Lot Size: 0 sq ft
Added: 11/25/09, Last Updated: 11/27/09
Property Type: Single Family, Residential
MLS Number: 12132305
Community: Tesoro De Valle


Spacious 3Beds+2.5 Baths+Den Family House in Gated Tesoro Del Valle community. Super Clean Home with Fresh Paint. Fabulous schools and amenities. Listed with Jason Chang, Re/Max Optima

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Brought to you by Connor and Paris MacIvor, RE/MAX of Valencia and RE/MAX of Santa Clarita. Call me today at 800-760-6911, or visit my website at www.Paris911.com!

An example of our Feed and what it means to you!

Do you know where the rituals of our holidays came from? The Easter bunny hiding eggs? Carving pumkins? Turkeys and squash, bringing a Tree inside your home and decorating it?

The traditions we follow today are actually ancient rituals whose history has gotten lost in the chronicles of time.

Did you know that in ancient times, Easter had nothing to do with the Christ's Resurrection? The pagans celebrated the coming of spring, flowers and the planting season. The Easter bunny was added later recognizing the rabbit's prolific mating habits and the egg, the symbol of birth. Fertility was the lifeline of the ancient people that kept the bloodlines alive. It ensured that there'd be more children in the fileds to harvest crops so that people could eat and survive.

Thanksgiving of course started with the Pilgrims yet they may not have had turkey at the first feast. Corn vegetables, fowl, venison and fish were believed to have been the first meal. The turkey (bird) is another symbol of fertility. Even the Egyptians had gods such as Horus and Thoth, who had bird heads. The bird also seems to represent freedom, just like the dove in Christianity denotes peace, hope and the Holy Spirit. Thanksgiving is probably one of the only Holidays that doesn't have traditions that we have adopted without the knowledge of why and where it was originated.

Mardi Gras, which is observed in parts of the world, especially Rio De janeiro and New Orleans honors the oncoming period of Lent. People are supposed to give up earthly pleasures as a sacrifice for the 40 days leading up to the anniversary of the Last Supper of Jesus. Many people party with abandon and don't even know why they're celebrating.

The word Halloween comes from ALL Hallows' Eve, a Christian celebration that takes place the night before All Saints' Day. The holiday has ancient pagan roots, and today it's also a high holy day for Wicca, the nature-oriented and ancient religion dominated by white witches.

The ancient Celtic end of summer harvest festival called Samhain took place on November 1st. It was believed that on this day, the world of the gods would be visible to humans. Since this was a time when the souls of the dead were believed to visit homes and leave messages in dreams, many fortune tellers felt that it was the best time to predict future events.

Leaving food out for the dead came about because ancient people felt that ghosts might be hungry after a year of being deprived, but if they were given food, the spirits would leave everyone alone... and TRICK or TREAT was born.

Dunking for apples wasn't just a game. It was a ritual of good fortune. The more apples you could get, the better your luck would be during the following year. If a maiden was able to snag an apple, she was sure to be married within a year.

Bonfires were set in the hopes that the sun would come out and stay for longer periods of time so that the harvest would yield more crops. The bonfires also attracted mosquitos, which in turn attracted owls and bats - who were therefore incorporated in the whole of All Hallow's Eve mythology. And the lighting of bonfires was also a way to ward of evil spirits. They were also supposed to encourage fairies to come out of the mounds and walk among us and some people believe that's why we dress up to become something we're not. Costumes and masks were believed to confuse or frighten away evil spirits.

The Irish and Scottish are responsible for the tradition of carving Jack-o-lanterns, which was part of their harvest celebration. Originally they carved faces in turnips and potatoes, but when they emigrated to America, they began carving pumpkins as well. The lighting of a candle in the jack-o-lantern is the same as the Druids lighting fires, it also showed the souls of the departed where to go, and was a protection against evil spirits.

Halloween was believed to be the easiest time to contact the dead because the veil was supposedly at its thinnest.

Christmas - We all know that December 25th is the celebration of the birth of Christ. But the Christmas tree is a pagan symbol as well. In ancient beliefs, trees carried the devas of Lilith, the queen of the underworld.

To bring a tree into your home meant that you brought in good luck from the fairies. To this day, when we want to attract good fortune, we still "knock on wood" which is derived from "Are you listening, Lilith, to my wish that nothing bad happens?".

Some people criticize the pagans for their beliefs, yet have no problem making their rituals their own!

ENJOY YOUR HOLIDAY!

What is a CDPE Realtor?

When your roofing needs to be replaced, you consult a roofing expert. When there's a problem with your computer, you consult a technician who understands the issues of your particular model. And when a loved one becomes sick, you seek answers from medical professionals specifically trained in that particular illness. Similarly, in this current economic crisis, millions of homeowners facing financial hardship and possible foreclosure action are requesting the help of agents with the Certified Distressed Property Expert® (CDPE) designation. A CDPE is a real estate professional with specific understanding of the complex issues that confront homeowners in distress. Through comprehensive training and market experience, CDPEs are able to provide real solutions for homeowners facing hardships in today's market.

The prospect of foreclosure can be financially and emotionally devastating, and often homeowners proceed without guidance of any kind. CDPEs believe that in almost all cases, the best course of action for a homeowner in distress is to speak with a well-informed, licensed real estate professional. They have the tools necessary to help homeowners find the best solution for their particular situation. While enduring financial difficulties are challenging for any family, the process of finding a qualified real estate professional should not be.

I have achieved the CDPE designation, ensuring you deal with a professional trained to address your specific needs. CDPEs don't merely assist in selling properties, they serve and help save their clients in need. I have been successfully closing short sales for over two years, if you would like a free private consultation contact me @ 661 284-5004 or get more information at www.SCVDistressedPropertyHelp.com